![Bitcoin tumbles more than 50% below its all-time high as crypto plunges again](https://cdn.cnn.com/cnnnext/dam/assets/220509081448-bitcoin-atm-file-0406-super-tease.jpg)
Bitcoin tumbles more than 50% below its all-time high as crypto plunges again
CNN
So much for bitcoin being digital gold.
The world's most valuable cryptocurrency was down 5% Monday after plunging again over the weekend. Bitcoin prices have now plummeted nearly 15% in the past week. At a price of just below $33,000, bitcoin is more than 50% below its record high of near $69,000 from late last year and at its lowest point of 2022.
Other cryptocurrencies, sometimes referred to as altcoins, have been hit hard too. Ethereum, binance, solana and cardano are all down about 15% in the past week, while Elon Musk's beloved dogecoin has tumbled 10%.
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At least 1 dead and several injured after a private jet crashed into another upon arrival in Arizona
At least one person is dead and several injured after a midsized business jet crashed into another jet as it arrived at Scottsdale Municipal Airport in Arizona Monday afternoon.
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The Trump administration’s dismantling of the US Agency for International Development (USAID) and its sweeping freeze on foreign assistance has made it more difficult to track potential misuse of US taxpayer-funded humanitarian assistance, meaning it could end up unintentionally going to terrorist groups, according to a new report from the agency’s independent watchdog.
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California man finds 525-pound animal under his home after Los Angeles fires. The bear goes by Barry
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